Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
PUT
Citizens Financial Group
CFG
$29.6B
| $16M | ﹤0.01% |
484,200
+151,700
| +46% | +$4.18M |
|
2027
ECARX Holdings
ECX
$417M
| $16M | ﹤0.01% |
5,069,836
| – | – |
|
2028
CALL
Invitation Homes
INVH
$17.4B
| $16M | ﹤0.01% |
469,400
+119,500
| +34% | +$3.89M |
|
2029
CALL
Casey's General Stores
CASY
$28.3B
| $16M | ﹤0.01% |
58,200
-4,500
| -7% | -$1.23M |
|
2030
iShares US Home Construction ETF
ITB
$2.23B
| $16M | ﹤0.01% |
157,125
+18,402
| +13% | +$1.56M |
|
2031
PUT
iShares US Technology ETF
IYW
$25.6B
| $16M | ﹤0.01% |
130,000
-38,300
| -23% | -$4.34M |
|
2032
CALL
Fortive
FTV
$18.1B
| $15.9M | ﹤0.01% |
287,428
-95,146
| -25% | -$5.02M |
|
2033
Tidewater
TDW
$4.64B
| $15.9M | ﹤0.01% |
221,081
-23,019
| -9% | -$1.49M |
|
2034
Bilibili
BILI
$7.01B
| $15.9M | ﹤0.01% |
1,309,217
+810,852
| +163% | +$10.6M |
|
2035
Agilent Technologies
A
$44.4B
| $15.9M | ﹤0.01% |
114,532
-287,498
| -72% | -$34.2M |
|
2036
CALL
Diageo
DEO
$51.2B
| $15.9M | ﹤0.01% |
109,300
-114,700
| -51% | -$16.9M |
|
2037
CALL
Helen of Troy
HELE
$672M
| $15.9M | ﹤0.01% |
131,700
-123,800
| -48% | -$13.3M |
|
2038
CALL
MP Materials
MP
$10.6B
| $15.9M | ﹤0.01% |
799,400
-261,900
| -25% | -$4.47M |
|
2039
CALL
Bloom Energy
BE
$64.1B
| $15.8M | ﹤0.01% |
1,070,800
+16,700
| +2% | +$209K |
|
2040
Teck Resources
TECK
$34.6B
| $15.8M | ﹤0.01% |
374,772
-61,644
| -14% | -$2.37M |
|
2041
PUT
BioMarin Pharmaceuticals
BMRN
$12.7B
| $15.8M | ﹤0.01% |
164,200
+51,700
| +46% | +$4.57M |
|
2042
CALL
Trupanion
TRUP
$1.3B
| $15.8M | ﹤0.01% |
517,700
+249,500
| +93% | +$6.61M |
|
2043
Bentley Systems
BSY
$11.4B
| $15.8M | ﹤0.01% |
302,301
+131,365
| +77% | +$6.75M |
|
2044
PUT
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$815M
| $15.8M | ﹤0.01% |
278,200
+172,700
| +164% | +$9.17M |
|
2045
PUT
Darling Ingredients
DAR
$9.73B
| $15.8M | ﹤0.01% |
316,300
+138,000
| +77% | +$6.26M |
|
2046
CALL
ScottsMiracle-Gro
SMG
$3.53B
| $15.7M | ﹤0.01% |
247,000
+50,600
| +26% | +$2.73M |
|
2047
CALL
Mattel
MAT
$4.27B
| $15.7M | ﹤0.01% |
834,000
+92,300
| +12% | +$1.8M |
|
2048
Marathon Digital Holdings
MARA
$4.59B
| $15.7M | ﹤0.01% |
669,026
-6,614,425
| -91% | -$83.5M |
|
|
WBA
2049
DELISTED
Walgreens Boots Alliance
WBA
| $15.7M | ﹤0.01% |
601,885
-1,401,988
| -70% | -$31.3M |
|
2050
PUT
Qorvo
QRVO
$8.46B
| $15.7M | ﹤0.01% |
139,300
-53,300
| -28% | -$5.15M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.